TVC Announces Sale of its Stake in Dalata.  Realising a Profit Over Carrying Value of €13.4m

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TVC Holdings plc
 
(‘TVC’ or the ‘Company’)
 
 
TVC Announces Sale of its Stake in Dalata Hotel Group p.l.c.
 
Realising a Profit Over Carrying Value of €13.4million
 
 
TVC Holdings plc, the investment holding company, today (Thursday, 20 March 2014) announced that it subscribed €15 million for new shares in Dalata’s IPO and has subsequently disposed of its entire shareholding of 11.08 million shares in Dalata for a total consideration of €30.4 million, realising a profit over carrying value on disposal of €13.4 million.
 
 
 
Contact information:
 
TVC Holdings plc
Shane Reihill, Executive Chairman
John Tracey, Chief Executive Officer
Tel: +353-1-205 7700
 
Davy
John Frain
Roland French
Tel: + 353-1-679 6363
 
Murray Consultants
Pauline McAlester
Tel:  +353-1-498 0300
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